G88 12.5% 1.8¢ golden mile resources ltd

Today's Trading / Running Commentary, page-122

  1. V8
    10,806 Posts.
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    Does this sound right?

    1500m of strike by 400m width by 50m thick = 30 million cubes of dirt

    30mil by 2.7 spec gravity = 81 mil tonne of rock

    1% of that is Ni = 810 000 tonne of Ni.

    810 000 by US$12 250 = $9 922 500 000 say $10 Billion.

    Lets say profit would be 10% so this project is worth a lazy $1Billion US +cobalt+scandium.

    So for $60 mil aussie you get quite a lot in this beastie.
 
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